KBW, Inc. Stockholders Approve Proposed Merger with Stifel Financial Corp.

NEW YORK--(BUSINESS WIRE)--KBW, Inc. (“KBW”) (NYSE: KBW) announced today that KBW stockholders voted overwhelmingly in favor of the proposals relating to the proposed merger with Stifel Financial Corp. (“Stifel”). At the duly held special meeting today, 99 percent of the shares present or represented by proxy (which constituted 79 percent of all outstanding shares on the record date) were voted in favor of a proposal to adopt the agreement and plan of merger dated as of November 5, 2012, among KBW, Stifel, and two wholly-owned subsidiaries of Stifel, SFKBW One, Inc. and SFKBW Two, LLC. The non-binding, advisory vote to approve certain compensation arrangements for KBW’s named executive officers in connection with the merger also received favorable support as 74 percent of the shares present in person or represented by proxy at the special meeting voted in favor of the proposal.